Accounting · Management Accounting
A government body uses measures based upon the 'three Es' (Economy, Efficiency, and Effectiveness) to measure the value for money generated by a publicly funded hospital. It considers the most important performance measure to be 'cost per successfully treated patient'. Which of the three Es best describes this measure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Externality
- 2Efficiency✓
- 3Effectiveness
- 4Economy
Correct answer
Efficiency
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